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Offer To Purchase Real Estate Form
"I need an Offer to Purchase Real Estate Form for a commercial property in Lahore, Pakistan, with a proposed closing date of March 15, 2025, including specific contingencies for obtaining bank financing and property inspection."
1. Parties: Identification of the buyer (offeror) and seller (offeree) with complete legal names, CNIC numbers, and addresses
2. Background: Brief context of the transaction and property being offered for purchase
3. Definitions: Key terms used throughout the document defined for clarity
4. Property Description: Detailed legal description of the property including address, plot number, measurements, and boundaries
5. Purchase Price: Total amount offered and payment structure including earnest money deposit
6. Payment Terms: Detailed breakdown of payment schedule, method of payment, and conditions
7. Due Diligence Period: Timeframe and conditions for property inspection and title verification
8. Closing Date: Proposed date for completion of the transaction
9. Seller's Obligations: Commitments and warranties from the seller regarding property condition and title
10. Buyer's Obligations: Commitments from the buyer regarding payment and compliance with terms
11. Representations and Warranties: Standard declarations about property ownership, encumbrances, and legal status
12. Termination Rights: Conditions under which either party may withdraw from the transaction
13. Governing Law: Specification of Pakistani law and relevant jurisdiction
1. Financing Contingency: To be included when purchase is dependent on buyer obtaining mortgage financing
2. Property Inspection Contingency: Detailed terms for property inspection when buyer requires specific inspection rights
3. Sale of Existing Property Contingency: When buyer's offer is contingent on selling their existing property
4. Possession Terms: Special arrangements for property possession if not immediate upon closing
5. Utilities and Maintenance: Special provisions for handling utility transfers and maintenance responsibilities
6. Tenant Rights: If property is currently tenanted, provisions regarding existing lease agreements
7. Agricultural Land Provisions: Special provisions required for agricultural land under Pakistani law
8. Islamic Finance Provisions: Special clauses for compliance with Islamic financing principles if applicable
1. Schedule A - Property Details: Comprehensive property specifications, including floor plans and land survey details
2. Schedule B - Payment Schedule: Detailed breakdown of payment installments and due dates
3. Schedule C - Property Inspection Report: Findings from initial property inspection if already conducted
4. Schedule D - Title Documents: List of title documents and their current status
5. Schedule E - Fixtures and Fittings: Itemized list of included and excluded fixtures and fittings
6. Appendix 1 - Required Documents: Checklist of documents required from both parties for closing
7. Appendix 2 - Due Diligence Checklist: List of items to be verified during the due diligence period
8. Appendix 3 - Property Photos: Current photographs of the property and its major features
Authors
Real Estate
Construction
Banking & Finance
Legal Services
Property Development
Agriculture (for agricultural land)
Commercial Property
Residential Property
Property Investment
Islamic Finance
Legal
Real Estate
Property Management
Corporate Development
Facilities Management
Document Management
Risk & Compliance
Investment
Operations
Asset Management
Real Estate Agent
Property Lawyer
Legal Counsel
Property Developer
Investment Manager
Real Estate Investment Advisor
Property Acquisition Manager
Real Estate Broker
Corporate Real Estate Manager
Facilities Manager
Property Portfolio Manager
Legal Document Specialist
Real Estate Paralegal
Property Rights Specialist
Real Estate Transaction Coordinator
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